Mike Cagney is the Founder and Executive Chairman of Figure. (⁠https://www.figuremarkets.co/fm)⁠ In this conversation we discuss taking Figure public, how block-chain native securities unlock new markets, the rise of DeFi, bitcoin backed loans, and how Figure is modernizing financial infrastructure.

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Pomp writes a daily letter to over 270,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at: ⁠https://pomp.substack.com/⁠

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TimeStamps:

0:00 - Intro
2:11 - Taking Figure public and why it’s good for business
5:52 - Opportunities to improve finance infrastructure
18:26 - Why it’s the “golden moment" for DeFi
19:46 - Are regional banks in trouble?
21:45 - Launching a stable coin and GENIUS Act
26:39 - The regulatory shift and now having political support
30:42 - Partnerships and consolidation in the industry
39:27 - Figure is modernizing financial infrastructure
39:55 - Bitcoin backed loans and how it works
44:14 - Advice for entrepreneurs
46:08 - What Figure’s future looks like

How Blockchain & Bitcoin Are Reshaping Wall Street | Mike Cagney

The Pomp Podcast